Freddie Mac reported that the national average commitment rate for a 30-year, conventional, fixed-rate mortgage dropped to 5.22 percent in July from 5.42 percent in June. This is a dramatic rate reduction compared to the 6.43 percent rate available in July 2008. According to a survey by NAR, first-time buyers accounted for 30 percent of homes purchased in July, while distressed homes accounted for 31 percent of transactions.

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1 Comments on Lending Trends - Bellingham Homes For Sale

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27

Rates are crazy low right now.  The thing is, buyers are starting to think they have always been this low...  They don't beleive me when I tell them rates are going to go back up.
8:25pm • #1

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Chris Farkas

Bellingham, WA

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Exit Realty Associates

Address: 1419 Cornwall Avenue, Bellingham, WA, 98225

Office Phone: (360) 756-6500

Cell Phone: (360) 393-0793

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The majority of my clients already live in or around Bellingham and are both selling and buying in our area. Some of my clients are selling out of the area and moving to Whatcom County from as far away as California or even Washington, DC. Bellingham and Whatcom County are vibrant places and are undergoing many changes. This is the greatest time ever to live in the Pacific Northwest and especially in Whatcom County.


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